India Glut of Renewable Energy Credits Surges to Record
This article is for subscribers only.
A glut of renewable-energy credits in India surged to a record in October as state electricity utilities failed to comply with clean-energy targets.
The number of credits available for sale topped 1 million, exceeding the number of buy bids by more than four times, according to data from REConnect Energy Solutions Pvt., a trader based in the central Indian city of Indore. The oversupply drove the price of a credit down to 1,500 rupees ($28), the minimum set by the country’s Central Electricity Regulatory Commission.